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TransDigm CEO Kevin Stein sells $24.96 million in stock

Published 12/16/2024, 05:04 PM
TDG
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CLEVELAND—TransDigm Group Inc. (NYSE:TDG) President and CEO Kevin M. Stein recently executed a series of stock transactions, according to a U.S. Securities and Exchange Commission filing. On December 12, Stein sold shares of the company’s common stock for a total value of approximately $24.96 million. The shares were sold at prices ranging from $1,235.80 to $1,254.00 per share.

In addition to the sales, Stein also exercised stock options to acquire 20,000 shares of common stock at a price of $195.88 per share, totaling approximately $3.92 million.

Following these transactions, Stein holds 8,158 shares of TransDigm stock through the Fortuna Trust dated June 1, 2018. These transactions were conducted under a predetermined trading plan.

TransDigm Group Inc. is a leading designer, producer, and supplier of highly engineered aircraft components. While trading at a relatively high P/E ratio of 49.9x, the company has demonstrated strong operational performance. For deeper insights into TransDigm's valuation and growth prospects, investors can access comprehensive analysis through InvestingPro's detailed research reports, available for over 1,400 US stocks.

In other recent news, TransDigm Group has reported robust Q4 earnings and revenue, surpassing analyst expectations. The company recorded an adjusted earnings per share of $9.83, outpacing the analyst estimate of $9.29. Revenue was reported at $2.19 billion, exceeding the consensus forecast of $2.16 billion and showing an 18% increase year-over-year.

TransDigm has also raised its outlook for fiscal 2025, anticipating adjusted EPS of $35.36-$37.28 and revenue of $8.75-8.95 billion. These projections are notably higher than the analyst consensus of $33.49 for EPS and $7.93 billion for revenue.

In addition to these financial highlights, TransDigm reported that it expects continued growth across its commercial OEM, commercial aftermarket, and defense end markets in fiscal 2025. The company also noted an expansion in its EBITDA margin to 52.6% in Q4, up from 52% in the same period last year. These are recent developments that underline the company's strong performance and positive future expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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